Predicted shift in world's LPG trade occurs

LPG demand growth in Far East economies, especially China, over the last year has exceeded growth in available supplies from the Middle East and will likely pull volumes from Atlantic Basin producers to compensate.That message from S. Craig Whitley of Purvin & Gertz, Houston, kicked off the firm's annual Latin American LPG Seminar late last year in Ft. Lauderdale, Fla.The Middle East, primarily Saudi Arabia, has been the traditional leader in supplying LPG to the Far East. But this greater-than-expected Asian demand growth, in combination with Middle East petrochemical demand drawing off production, has forced suppliers in the Atlantic Basin, especially in the North Sea and Algeria, t...

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